The banking sector in Spain is flourishing after the great financial crisis that ended in 2014. Investors worldwide are aware of this opportunity and are making a quick decision to invest in Spanish banks. Investing in banking stocks is not easy as compared to investing in companies. For example, you can easily decide whether to invest in a company or not after checking its popularity among customers. But what is the best way to decide whether a company is famous among Spaniards? The best way is to read customer reviews of companies on websites like OpinionesEspana to understand which companies are performing well. But you have to be careful about the banking stocks you invest in to get the best profits. Here in this article, you will find the best Spanish banking stocks.
A general rule of thumb while investing in banking stocks is to look for prominent ones in the industry – Banco Santander fulfills this criterion. Banco Santander is one of the largest banks to operate in Spain. This bank first started its operations in the year 1857. You can benefit a lot from this bank if you are looking for spanish finance services. Fast forward to this date, this bank’s popularity hasn’t decreased a bit. You should invest in this bank if you are willing to make a long-term and profitable investment. However, if you don’t know how to invest, you can check out how to invest online first.
Banco Bilbao Vizcaya Argentaria
Banco Bilbao Vizcaya Argentaria is widely known as the second largest bank of Spain. This bank resulted in a merger event that occurred in 1999 between Banco Bilbao Vizcaya and Argentaria. This bank is different from the other banks on the list as it provides its services to customers across 30 countries. Banco Bilbao Vizcaya Argentaria is a leading banking provider in Mexico. The bank has also been providing services in Turkey and South America. It would help if you considered this bank for investing.
CaixaBank, formerly known as Criteria CaixaCorp, is the 3rd largest bank operating in Spain. This bank is famous for facilitating its customers with the largest branch network in the country. Around 16 million customers benefit from its outstanding services. Customers can avail of universal banking and insurance facilities from this bank. CaixaBank is one of the important players of the Spanish economy as it holds stocks in the Oil and Gas and Telecommunication sector.
Banco de Sabadell
Banco de Sabadell comes at the 5th in the list of Spain’s largest banks. This bank is different from other entities as it comprises several banks present throughout the country. Its associated banks and brands, and its subsidiaries, add up to provide a great number of services to its customers. The main focus of this bank is to provide services to businesses and the elite class. This specific focus enables them to streamline their services and cater to the particular needs of their customers. Investing in this bank is indeed a good idea.